The Low-Income Housing Tax Credit (Housing Credit, or LIHTC) is a model public-private partnership built on a “pay-for-success” model. The Housing Credit (LIHTC) is responsible for financing nearly all affordable housing development in the U.S. Housing simply costs too much to build for owners to charge rents that are affordable to low-income households without an incentive like the Housing Credit (LIHTC).
Since 1982, the impact we’ve made is clear. We’ve invested $92.0 billion and created 1.1 million homes in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Join us to make our greatest impact yet.
We bring a full range of capabilities across capital, policy leadership, community development, advisory services and program design into everything we do to maximize our impact.
The Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation announced their joint commitment to strengthen and modernize the Community Reinvestment Act.